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Israeli AI Firm Sold to French Media Group

The Jerusalem Post1 min brief

In brief

  • A Tel Aviv AI firm has been acquired by French media group Netgem.
  • The firm's technology cuts translation and subtitling costs by 50%.
    • This matters because it can save media companies a lot of money.
  • For example, a company that spends 100 dollars on translation and subtitling can now spend 50 dollars.
  • The acquired firm's AI-based localization platform will be integrated into Netgem's film and TV services, and this will likely change how they offer their services in the future.

Read full story at The Jerusalem Post

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